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Stilo International Shares Cancelled On AIM To Cut Costs

Tue, 08th Oct 2019 11:50

(Alliance News) - Stilo International PLC's share were cancelled from AIM trading on Tuesday morning.

The cancellation was approved by shareholders at the company's September 30 general meeting and Stilo intends to re-register as a private limited company by October 29.

On August 23, Stilo - which develops tools to help organizations automate the conversion of content to XML - issued its interim results for the six months to June 30 where it said sales in 2019 were likely to stay slow.

In the half year report, Stilo Chair David Ashman said the de-listing was "of primary importance" and could "generate potential annualised cost savings of over GBP120,000".

By Anna Farley; annafarley@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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